Love Inc of Medina County

Analysis

Love Inc of Medina County is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Love Inc of Medina County reported income of $72k and spending of $81k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $72k (-13%), an average of -13% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Love Inc of Medina County sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Ministerio Pentecostes Nuevo Vivir ($72k), Freedom 58 Project Incorporated ($72k) and Hamere Nohe Kidane Mihret Ethiopian ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $32, net assets of $121k.